By InvestAdvocate Lagos (INVESTADVOCATE)-Cement producer, Lafarge Cement Wapco Nigeria Plc has recorded a loss after tax of N3.90 billion in the half-year (H1) period ended June 30, 2018 compared to a profit after tax (PAT) of N19.73 billion recorded the same period of 2017. The company posted a loss before […]
Results & Dividends
Dangote Cement Plc: Still strong performance, despite increasing tax burden; upgrade to HOLD
July 24, 2018/Cordros Report Update: DANGCEM published Q2-18 result last week, showing Group revenue grew 18% y/y, while net profit was lower by 24% y/y. Revenue beat our estimate by 2% while net profit was much lower (52% variance), on higher (Nigeria) effective tax rate. Following changes to our tax […]
DANGCEM Q2 2018 Results: PAT Came In Behind Estimate By c.37%
Culled—Proshare July 20, 2018/FBNQuest Capital Research Event: Dangote Cement reports weaker-than-expected Q2 2018 results. Implications: On an annualised basis, Q2 sales and PBT came in slightly behind consensus estimates of N965bn and N371bn respectively. As such, we anticipate moderate downward adjustments to consensus 2018E PBT forecast. However, we expect a […]
